Price for Cocoa; Paste, Not Defatted in Costa Rica - 2022
Contents:
- Price for Cocoa; Paste, Not Defatted in Costa Rica (CIF) - 2022
- Price for Cocoa; Paste, Not Defatted in Costa Rica (FOB) - 2022
- Imports of Cocoa; Paste, Not Defatted in Costa Rica
- Exports of Cocoa; Paste, Not Defatted in Costa Rica
Price for Cocoa; Paste, Not Defatted in Costa Rica (CIF) - 2022
In 2022, the average cocoa; paste, not defatted import price amounted to $4,048 per ton, shrinking by -4% against the previous year. In general, the import price recorded a slight decrease. The most prominent rate of growth was recorded in 2014 when the average import price increased by 17% against the previous year. Over the period under review, average import prices reached the peak figure at $4,877 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($8,933 per ton), while the price for Colombia ($3,941 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Cocoa; Paste, Not Defatted in Costa Rica (FOB) - 2022
The average cocoa; paste, not defatted export price stood at $4,337 per ton in 2022, growing by 14% against the previous year. Overall, the export price posted prominent growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 95%. Over the period under review, the average export prices reached the peak figure at $6,542 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($6,910 per ton), while the average price for exports to Nicaragua ($954 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cocoa; Paste, Not Defatted in Costa Rica
In 2022, cocoa; paste, not defatted imports into Costa Rica surged to 364 tons, rising by 20% against 2021 figures. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +16.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 29%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, cocoa; paste, not defatted imports totaled $1.5M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 33% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Cocoa; Paste, Not Defatted in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 709 | 496 | 714 | 736 | 1.3% |
| Colombia | 235 | 439 | 539 | 703 | 44.1% |
| Others | 28.0 | 30.7 | 30.5 | 34.0 | 6.7% |
| Total | 971 | 965 | 1,283 | 1,473 | 14.9% |
Top Suppliers of Cocoa; Paste, Not Defatted to Costa Rica in 2022:
- Peru (179.9 tons)
- Colombia (178.4 tons)
Exports of Cocoa; Paste, Not Defatted in Costa Rica
In 2022, overseas shipments of cocoa; paste, not defatteds were finally on the rise to reach 32 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, cocoa; paste, not defatted exports skyrocketed to $140K in 2022. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Cocoa; Paste, Not Defatted in Costa Rica (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 20.5 | 1.8 | 0.5 | 51.6 | 36.0% |
| Switzerland | 18.4 | 1.7 | 0.5 | 51.3 | 40.7% |
| Belgium | 11.0 | 0.9 | 0.2 | 17.5 | 16.7% |
| Canada | 1.3 | 0.3 | 0.1 | 7.7 | 80.9% |
| Japan | N/A | N/A | N/A | 7.3 | 0% |
| Nicaragua | 0.1 | N/A | N/A | 0.6 | 81.7% |
| Others | 1.5 | 0.1 | N/A | 4.5 | 44.2% |
| Total | 52.8 | 4.8 | 1.4 | 140 | 38.4% |
Top Export Markets for Cocoa; Paste, Not Defatted from Costa Rica in 2022:
- United States (12.4 tons)
- Switzerland (11.6 tons)
- Belgium (3.9 tons)
- Canada (1.8 tons)
- Japan (1.5 tons)
- Nicaragua (0.6 tons)
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This report provides an in-depth analysis of the cocoa paste market in Costa Rica.
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This report provides an in-depth analysis of the global cocoa paste market.
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This report provides an in-depth analysis of the cocoa paste market in Costa Rica.
766
This report provides an in-depth analysis of the global cocoa paste market.
81
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Discover the top import markets for cocoa paste in 2023, including countries like the Netherlands, United States, Germany, and more. Learn about the key players driving the global cocoa paste industry.
1134
In value terms, cocoa imports totaled $X in 2016. Overall, cocoa imports continue to indicate a moderate setback. Global cocoa import peaked of $X in 2009; however, from 2010 to 2016, it stood at ...
762
In value terms, cocoa paste imports totaled $X in 2016. Overall, it indicated a strong expansion from 2007 to 2016: the total imports value increased at an average annual rate of +X% over the las...
1884
In value terms, cocoa exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend pattern remained relat...
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